What happens in a session
GovernanceRehearsal presents a deteriorating credit situation in stages. At each stage, the team decides how to respond. The decision environment shows how that decision changes the position.
As the sequence progresses, the consequences of earlier decisions become visible. Stakeholder behaviour shifts. Options that were available in earlier stages may no longer be executable. Leverage changes - sometimes irreversibly.
By the end, the team compares their path against an alternative and sees where the outcomes diverge. The difference between two approaches to the same situation is often material.
Who is in the room
The people involved in the decisions being examined.
- Portfolio managers - managing exposure and engagement with the borrower
- Credit risk leads - preserving downside protection and maintaining leverage
- Credit analysts - assessing financial performance and covenant compliance
- Team leads or senior committee participants - where governance escalation is relevant
Where participants have different views on approach, GovernanceRehearsal surfaces those differences and shows what each path leads to. This is particularly valuable where disagreements are about sequencing rather than intent - the decision environment makes the consequences of each approach observable.
How scenarios are built
Scenarios are constructed from recurring patterns across past credit situations. They are not replicas of live deals. No deal-level inputs or confidential data are required.
We work with senior team members to understand how your team operates - the types of deterioration you encounter, how decisions are escalated, and where timing pressure typically builds. Scenarios are then constructed to reflect those patterns.
How it gets set up
1. Initial conversation
We discuss your portfolio, how decisions are currently made, and where this would be most useful.
2. Configuration
Scenarios are constructed to reflect the situations your team encounters. No heavy data, integration or technical involvement is required.
3. Your team uses it
GovernanceRehearsal becomes part of your team's operating rhythm - used ahead of committees, during portfolio reviews, and whenever a situation requires decisions where sequencing will affect the outcome.
An initial conversation to determine fit and outline how GovernanceRehearsal would be configured for your team.